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The great recession : market failure or policy failure? /
"Since publication of Robert L. Hetzel's The Monetary Policy of the Federal Reserve (Cambridge University Press, 2008), the intellectual consensus that had characterized macroeconomics has disappeared. That consensus emphasized efficient markets, rational expectations, and the efficacy of...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Cambridge ; New York :
Cambridge University Press,
©2012.
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| Colección: | Studies in macroeconomic history.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- The 2008-2009 recession : market or policy maker failure?
- Recessions: financial instability or monetary mismanagement?
- The great contraction: 1929-1933
- Monetary policy and bank runs in the great depression
- Vigorous recovery and relapse: 1933-1939
- Interwar international monetary experiments
- Identifying the shocks that cause recessions
- From stop-go to the great moderation
- Controlling bank risk taking: market or regulatory discipline?
- The housing crash : subsidizing housing and bank risk taking
- Bubble trouble: easy money in 2003 and 2004? What caused the great recession of 2008-2009? What caused the great leverage collapse?
- The distinctions between credit, monetary, and liquidity policy
- Fed market interventions : the experiment with credit policy
- Evaluating policy : what are the relevant counterfactuals
- The business cycle: market instability or monetary instability? Why is learning so hard? How should society regulate capitalism: rules versus discretion.